Xiaomi Co. (OTCMKTS:XIACF) Short Interest Down 43.4% in April

Xiaomi Co. (OTCMKTS:XIACF) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 31,156,000 shares, a decline of 43.4% from the March 31st total of 55,061,800 shares. Based on an average daily trading volume, of 1,083,400 shares, the short-interest ratio is currently 28.8 days.

Wall Street Analyst Weigh In

Separately, Macquarie started coverage on shares of Xiaomi in a research report on Monday, April 15th. They set an “outperform” rating for the company.

Xiaomi Trading Up 4.7 %

Xiaomi stock opened at $2.22 on Friday. The stock has a 50-day moving average price of $1.91 and a 200 day moving average price of $1.86. Xiaomi has a 52 week low of $1.26 and a 52 week high of $2.35.

Xiaomi Company Profile

Xiaomi Corporation, an investment holding company, provides hardware and software services in Mainland China and internationally. It operates through Smartphones, IoT and Lifestyle Products, Internet Services, and Others segments. The Smartphones segment sells smartphones. The IoT and Lifestyle Products segment offers smart TVs, laptops, AI speakers, and smart routers; various IoT and other smart hardware products; and lifestyle products.